Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Feb. 05, 2016	Jun. 30, 2015
Document And Entity Information
Entity Registrant Name	PARAGON REAL ESTATE EQUITY & INVESTMENT TRUST
Entity Central Index Key	0000928953
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-Known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 323,155
Entity Common Stock, Shares Outstanding		405,096
Trading Symbol	PRLE
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2015